Today:- open below pivot @ 6577 and expectation is that the market will head down, however on open the expectation is that any 'gaps' will try and close on the upside into 6612, as was the case yesterday with the gap closure on the down side.
Whichever way the market goes in early trading, the larger cycles are pointing down, simply trade on the side of Risk levels 6577. The market trend is weak....
Any weakness and expectation is to move down towards the lower pivots @ 6437....
Posted by
Frank Dilernia